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CF Industries Holdings, Inc. Completes Acquisition of All Interests In Canadian Fertilizers Limited



  CF Industries Holdings, Inc. Completes Acquisition of All Interests In
  Canadian Fertilizers Limited

Business Wire

DEERFIELD, Ill. -- April 30, 2013

CF Industries Holdings, Inc. (NYSE: CF) announced today that it has closed on
the acquisition of all of the outstanding interests it did not already own in
Canadian Fertilizers Limited (CFL) for total cash consideration of
approximately C$910 million. CFL owns the largest nitrogen fertilizer complex
in Canada, located in Medicine Hat, Alberta.

This acquisition has increased CF Industries’ annual marketable nitrogen
volume by approximately 425,000 gross tons of ammonia and 275,000 tons of
urea. The Medicine Hat complex has two ammonia plants with total annual
capacity of 1,250,000 tons and a urea plant with annual capacity of 810,000
tons. Prior to the close of the transactions, CFL’s results were included in
CF Industries’ financial statements as a consolidated variable interest
entity.

About CF Industries Holdings, Inc.

CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, through
its subsidiaries is a global leader in manufacturing and distribution of
nitrogen and phosphate products, serving both agricultural and industrial
customers. CF Industries operates world-class nitrogen manufacturing complexes
in the central United States and Canada; conducts phosphate mining and
manufacturing operations in central Florida; and distributes plant nutrients
through a system of terminals, warehouses, and associated transportation
equipment located primarily in the midwestern United States. The company also
owns 50 percent interests in GrowHow UK Limited, a plant nutrient manufacturer
in the United Kingdom; an ammonia facility in The Republic of Trinidad and
Tobago; and KEYTRADE AG, a global plant nutrient trading organization
headquartered near Zurich, Switzerland. CF Industries routinely posts investor
announcements and additional information on the company’s website at
www.cfindustries.com and encourages those interested in the company to check
there frequently.

Safe Harbor Statement

All statements in this communication, other than those relating to historical
facts, are “forward-looking statements.” These forward-looking statements are
not guarantees of future performance and are subject to a number of
assumptions, risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from such statements.
Important factors that could cause actual results to differ materially from
our expectations include, among others: the volatility of natural gas prices
in North America; the cyclical nature of our business and the agricultural
sector; the global commodity nature of our fertilizer products, the impact of
global supply and demand on our selling prices, and the intense global
competition from other fertilizer producers; conditions in the U.S.
agricultural industry; reliance on third party providers of transportation
services and equipment; difficulties in completing the implementation of a new
enterprise resource planning system and risks associated with cyber security;
weather conditions; our ability to complete our recently announced production
capacity expansion projects on schedule as planned and on budget or at all;
risks associated with other expansions of our business, including
unanticipated adverse consequences and the significant resources that could be
required; potential liabilities and expenditures related to environmental and
health and safety laws and regulations; our potential inability to obtain or
maintain required permits and governmental approvals or to meet financial
assurance requirements from governmental authorities; future regulatory
restrictions and requirements related to greenhouse gas emissions; the
seasonality of the fertilizer business; the impact of changing market
conditions on our forward sales programs; risks involving derivatives and the
effectiveness of our risk measurement and hedging activities; the significant
risks and hazards involved in producing and handling our products against
which we may not be fully insured; our reliance on a limited number of key
facilities; risks associated with joint ventures; acts of terrorism and
regulations to combat terrorism; difficulties in securing the supply and
delivery of raw materials, increases in their costs or delays or interruptions
in their delivery; risks associated with international operations; losses on
our investments in securities; deterioration of global market and economic
conditions; our ability to manage our indebtedness; and loss of key members of
management and professional staff. More detailed information about factors
that may affect our performance may be found in our filings with the
Securities and Exchange Commission, including our most recent periodic reports
filed on Form 10-K and Form 10-Q, which are available in the Investor
Relations section of the CF Industries Web site. Forward-looking statements
are given only as of the date of this release and we disclaim any obligation
to update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.

Contact:

CF Industries Holdings, Inc.
Dan Swenson, 847-405-2515
Senior Director, Investor Relations and Corporate Communications
dswenson@cfindustries.com
or
Susan Fisher, 847-405-2551
Manager, Corporate Communications
sfisher@cfindustries.com
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